Nerac, Inc.

  www.nerac.com
  www.nerac.com

Nerac, Inc. Reviews

Updated December 6, 2014
Updated December 6, 2014
10 Reviews
1.8
10 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Kevin Bouley
9 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good clients make Nerac a great place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Biotech & Pharmaceutical Analyst in Tolland, CT
    Current Employee - Biotech & Pharmaceutical Analyst in Tolland, CT

    I have been working at Nerac, Inc. full-time (more than 10 years)

    Pros

    Nerac has a unique niche in the business world. Excellent benefits and well earned vacation time. I personally don't need a promotion. My fulfillment comes from the satisfaction of helping a client using my unique expertise. The work is very stimulating and I have learned a lot in many different fields of science. This has been rewarding for me in that I have continued to develop and practice my expertise in the life sciences from environmental to agriculture to biotechnology to biomedical sciences. The current Analysts in their respective fields do excellent work and impress me over and over again.

    Cons

    No pats on the back.

    Advice to ManagementAdvice

    Look carefully at the way sales is being practiced and manage better. Sales is the key to the future.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Small company with big dreams

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Department Was Phased Out in Tolland, CT
    Former Employee - Department Was Phased Out in Tolland, CT

    I worked at Nerac, Inc. full-time (more than 5 years)

    Pros

    (Worked here before 2008 bubble burst)
    Good benefits
    ESOP
    Flexible hours
    Everyone knows your name
    Great coworkers who will become lifelong friends
    Clean building

    Cons

    Limited opportunities for advancement
    Employee favoritism from upper management
    Upper management consistently flaunted new cars and built themselves mansions, but cut employee bonuses
    State of the State, Hawaiian shirt Fridays and antiquated software gave it an "Office Space" feeling

    Advice to ManagementAdvice

    Consider taking some classes on dealing with employees, Kevin and Betsy are deadpan and unapproachable if they don't like you. I was one of those people and it felt crappy to work under needless pretentiousness.
    Pick an identity and stick with it. The current, and very dated, logo and slogan is confusing and lackluster. You have a fabululous, high-end research staff and should be advertising their top notch services in a professional, high end manor.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  3.  

    Management is Really, Really Important

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Nerac, Inc. full-time (more than an year)

    Pros

    Good people. Interesting clients. Rich history

    Cons

    Everything else. A total lack of training, upward mobility, performance reviews, and the ability to think forward.

    Advice to ManagementAdvice

    Sad but true: the CEO should never have been a CEO. He hasn't ever worked for another company, and is strictly a numbers person who is very uncomfortable with conflict and has the inability to think long-term and stick with a plan. These traits do not sink a company. They do, however, if those traits below to your long-standing CEO who is unwilling to bring in experienced people under him who have the opportunity to be upfront and honest.

    Much of their failures - they're losing millions of dollars per year - is self-inflicted. All signs point to a complete lack of self-awareness.

    The upper management are VERY nice people, but two have no experience outside of Nerac and should not be upper management at a company.

    Someone else mentioned a "senseless tragedy." If we are willing to use that word when applied to a business, then yes.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    A MBA case study in mismanagement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Nerac, Inc. full-time (more than 3 years)

    Pros

    Work from home and flexible hours

    Cons

    Constantly changing direction. Inability of all levels of management to take responsibility. The great business "visionary" is myopically near sighted......

    Advice to ManagementAdvice

    Get some real managers in place and let them run it. Stop the cronyism and seek advice from people who have actually succeeded instead of managing the decline.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    2013...and all the previous comments are still true

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in Tolland, CT
    Current Employee - Analyst in Tolland, CT

    I have been working at Nerac, Inc. full-time

    Pros

    The other analysts are fun to work with, the clients are interesting, you can work from home and have a flexible schedule. The types of projects that are worked on include technical literature reviews, patent searches, and business market research. The companies that are worked with are very diverse and allow you to work with many different types of people. Travel is interesting and varied and includes Europe to meet clients and is engaging.

    Cons

    Nerac claims to be a victim of the economy; however, rebranding as a business solutions firm is failing. Company constantly tries new ways of doing things. President never visits clients and holes up in his office reviewing numbers. Management is young and inexperienced. Every year or two there are significant layoffs. Work quality is slowly declining. Stay in your lab, you will find it hard to get back into one if you go here. Limited career opportunities if you try to leave. Stay in my lab position. Young people with children be aware…be very aware…of the unstable situation.

    Advice to ManagementAdvice

    Bring in an experienced leader.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 3 people found this helpful  

    Initially, I was very satisfied working at Nerac, but over time, conditions at Nerac deteriorated.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Research Analyst in Tolland, CT
    Former Employee - Research Analyst in Tolland, CT

    I worked at Nerac, Inc.

    Pros

    * Very smart people (analysts)
    * Interesting projects
    * Flexible work hours
    * The option to work from home
    * Good vacation and sick leave benefits
    * Onsite exercise facility
    * Free coffee
    * Bagel day

    I worked at Nerac for about 3 years. During the first half of my employment period, I really enjoyed working at Nerac. The other analysts were very smart and interesting to be around. They were fun to work with. I looked forward to seeing them every day.

    Cons

    After about six months into my employment at Nerac, the company started a transition into a new business model. Initially, I was very excited, but it soon became clear that there were serious problems. Numerous people were fired. The company started losing money. Analyst were put into difficult circumstances. It became impossible for analysts to meet performance objectives. Analysts were unfairly graded. A large number of analysts were laid off in 2007. The new business model was failing. The management at Nerac blamed the analysts and sales staff for all failures and the lackluster financial performance. The firings and staff reductions continued. Conditions worsened. I witnessed the careers of many analysts being sacrificed for the ambitions of a short sighted management. A tremendous amount of talent was wasted. It simply became too painful to work there and I left the company. The company is still in a downward spiral and I do not believe it will survive for much longer.

    Advice to ManagementAdvice

    Transitioning to a new business model is bold, risky and tricky. A great number of mistakes have been made. Mistakes are continuing to be made. However, the management at Nerac does not learn from these mistakes. The management continues to press forward with a defective business model. It has thrown away an enormous amount of talent in the process. The management is reactionary, not visionary. The management should have listened to the smart people who work(ed) there. The sheer bullheadedness, arrogance and closed mindedness is the greatest obstacle to Nerac's renaissance.

    Doesn't Recommend
    Disapproves of CEO
  8. 2 people found this helpful  

    Started great BUT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Research Analyst in Tolland, CT
    Current Employee - Research Analyst in Tolland, CT

    I have been working at Nerac, Inc.

    Pros

    Working hours
    Starting salary
    Not taking vacation, end up forfeiting vacation days.

    Cons

    No salary increases
    No promotional ladder
    Stuck in one position
    Work can become routine, burn out is high.

    Advice to ManagementAdvice

    Recognize who actually is involved and cares about the company.

    Disapproves of CEO
  9. 2 people found this helpful  

    A kind of unstable environment in general, but maybe right for some people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Analyst in Tolland, CT
    Former Employee - Analyst in Tolland, CT

    I worked at Nerac, Inc.

    Pros

    The pay is very good. There is an exercise room and the company fosters a healthy environment (tries to get people to quit smoking, ride bicycles, etc.). Working as an analyst can be an interesting and stable way to use a science or engineering degree or other knowledge. The company does attempt to create a kind of community environment by calling employees, employee-owners and forming lots of committees. It would be positive environment for someone who really wants to be involved socially with their workplace. Many employees live far away from CT and work from their homes and there is a great deal of flexibility with hours allowed.

    Cons

    Those in middle-management give their subordinates a lot of responsibility, but no authority to do a good job. It is a frustrating way to work. People are hired because they possess knowledge and skills which they are then not trusted to use without micromanagement. Often, those who do have authority to make decisions are unable or unwilling to delegate authority to those who have more knowledge or skills related to the question at hand. Many decisions are made quickly and without a great deal of thought. Very basic changes in workforce, management and the general vision of what the company is are made far too often. Two major cycles of layoffs and hiring occurred while I was there within two years.

    Advice to ManagementAdvice

    You hire good, smart people. Trust their judgement and their decisions.

    Doesn't Recommend
  10. 3 people found this helpful  

    A needless tragedy.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Nerac, Inc.

    Pros

    Many employees work from home, allowing for an excellent work/life balance. The client work can be interesting and the peer working group is highly intelligent and hard-working.

    Cons

    The Somali government is better run than this organization. The hubris of the laughably inexperienced upper management team, especially the CEO, has brought the company to its knees. They have n-e-v-e-r worked anywhere else and thus have no means of understanding the client side of the business or how to lead a staff that is, by and large, more accomplished and accredited than they are.

    It is a flat organization in which there are the chosen few at the top and the many doers on the bottom, with no opportunity for advancement or professional growth. In fact, there are no performance reviews, merit increases or bonuses. Furloughs and salary cuts (some over 30%) have been the order of the day for the last two years. Business has been declining for the past several years and the message has consistently been that the blame falls upon the shoulders of the scores of talented ex-employees who were unable to execute the latest foolproof offering from the Strategy of the Month Club.

    It is a place in which very good people are treated very poorly. I would heartily recommend many of my former colleagues as I found them to be diligent, bright and personable. That said, I cannot recommend this organization as a place of employment to anyone.

    Advice to ManagementAdvice

    We all look to insulate ourselves from our shortcomings but the vehement unwillingness to learn is tragic. Please stop insisting that you have all of the right answers and begin to reflect upon, correct and incorporate some of the things that your former employees have told you. If their thoughts are good enough for your clients...

    Doesn't Recommend
    Disapproves of CEO
  11. 2 people found this helpful  

    Typical - Great Start, Horrible Finish

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Analyst
    Former Employee - Analyst

    I worked at Nerac, Inc.

    Pros

    Ability to work from home
    Intellectual Freedom
    Variety of Projects/Topics
    Great Analyst Staff

    Cons

    Pay cuts
    Layoffs
    Terminations
    Unpaid Furloughs
    Mandatory (and unpaid) 4-day workweek
    Clueless/inexperienced upper management

    Advice to ManagementAdvice

    Find someone who can run a business
    Stop blaming employees for your failures

    Doesn't Recommend
    Disapproves of CEO

Work at Nerac, Inc.? Share Your Experiences

Nerac, Inc.

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.